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FTT bar 13 and price crosses the RTL at 10:38, reverse short.....

Looking at a classic bVB shift at 10:15, bar 10, reverse long....

WMCN:Lunch

However, then the FTT at 12:50 said reverse short........:eek:

Looks like to me after the FTT at 12:10 the pt 3 up on the 12:40 bar was confirmed by increasing black vol on the 12:45:D

Here is my very "forrest level" chart for today. Would have netted 15 to 20 points.:D

That was cool, I saw the teapot after about 15 seconds, I just wish I could spot an FTT as fast...........:D

Great job, Mr Black...thanks for posting. How many contacts were you trading? :cool:

I saw a pt3 at 13:50 and then an continuation of the dominant up channel until close without breaking the RTL. There may have been a pt 3 at 13:10, but the next two bars were a decrease in dominant volume so the 13:50 bar was it for sure. It looks like a long entry at 13:50, 1294, would have...

I agree, even though we don't all chime in evey time, there are alot of us out there that learn from every post......thanks to all. Especially Spyder.

I have a question also, If, from the example, we are in a down channel, wouldn't the 4th bar be the Point 2 of that down channel? (or is the pt 3 down channel already established prior to the example?) If we then considered the 4th bar to be Pt1 of an up channel, then we would be looking for a...

Bar 1 and 2, increasing red vol, decreasing price, down channel. Bar 3 lower vol, decreasing price, anticipate flaw, if flaw, confirms down channel, hold. Bar 4, increased vol, price exits bar at same price it entered, anticipate FTT, or FBO, anticipate change. Bar 5 and 6, decreasing black...

I have QT with an IB feed and and they charge me $10/month, I have a live data feed for the YM and the ES, why is your feed so expensive?

To be honest, I copied this stuff from various places in the Journal, and I would like to see if anyone who really knows the answer would either verify or correct the statement. Then I will correct my notes and post a revised version.

Ok, I found it IBGS is Intra-Bar Gaussian Shift.

Would #4 mean a lateral formation? and what is the IBGS? increasing black and ????????????

Thanks Ivo, I included that in the corrected document. Thanks sscott:D

I included your suggestions in the original and will post the corrected version after I see if anybody has anymore suggestions or corrections. Thanks sscott

Hey All, I complied a list of rules and definitions that might be of help to use to keep a sort of crib note version of the rules for trading SCT. I ran it by Spyder and Avi and they reviewed it and thought it was good to go. If anybody finds an error or has some good stuff to add, let me...